Latest in Ford to cut 4,000 European jobs amid economic and EV challenges
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Ford to cut 4,000 jobs in Europe
Headcount reduction comes as industry faces pressure over EV switch and competition from ChinaBusiness - Financial Times - Yesterday -
Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Ford is cutting its workforce by 4,000 in Europe and the U.K. by the end of 2027, citing headwinds from the economy and pressure from increased competition and weaker-than-expected sales of ...World - ABC News - 20 hours ago -
Ford’s troubles continue. Its stock price slumps as automaker plans job cuts
Ford outlined plans to lay off 4,000 employees in the U.K. and Germany in response to a series of losses it blamed on unprecedented competitive, regulatory and economic headwinds in Europe’s car ...Business - MarketWatch - Yesterday -
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Ford to Cut 4,000 Jobs in Europe as Electric Vehicle Sales Slow
The American automaker said the cost-cutting measure would help it compete with Chinese rivals in the face of slowing demand for electric vehicles.Business - The New York Times - Yesterday -
Ford to Cut 4,000 Jobs in Europe in Cost-Saving Drive
Ford became the latest carmaker to seek deep cost savings as it grapples with timid demand for electric vehicles and rising competition.Business - The Wall Street Journal - Yesterday -
NHS in England to receive £1.5bn next year to boost appointments
Fresh funding comes as part of wider package which will be set out by Reeves in Budget on WednesdayBusiness - Financial Times - October 28 -
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Ford to cut 800 UK jobs as electric car sales stall
The move is part of a wider restructuring programme, which will see 4,000 posts closed across Europe.Top stories - BBC News - Yesterday -
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Queen's University to cut jobs as it faces £11m deficit
The university told BBC News NI it is planning to cut the jobs through a voluntary redundancy scheme.Top stories - BBC News - October 25 -
New Interest Rate Cut Comes Amid Post-Election Economic Uncertainty
Trump’s proposed economic policies, particularly tariffs, are anticipated to push inflation up, making the Federal Reserve’s planned series of cuts much less certain.Business - Inc. - November 7 -
GM Cuts 1,000 More Jobs as EV Push Continues
General Motors has cut 1,000 jobs, according to a person familiar with the reductions, marking the latest effort by the automaker to trim costs as it ramps up sales in unprofitable electric vehicles.Business - The Wall Street Journal - 6 days ago -
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Trump's 2024 win highlights Democrats' economic challenge
The 2024 election saw a shift towards the GOP and MAGA, with Democrats needing to aggressively address economic anxieties in order to win back voters.Politics - The Hill - 6 days ago -
Ford sees another $1 billion EV loss, lowers guidance and its stock falls 6%
Ford Motor Co. reported earnings late Monday, but investors looked past a beat.Business - MarketWatch - October 28 -
UK economy stalls in third quarter
GDP shrinks in September, highlighting challenges for Labour’s growth promisesBusiness - Financial Times - 6 days ago -
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Rachel Reeves’ first Budget leaves key economic challenges unresolved
OBR says announcements amount to one of the biggest fiscal loosenings of recent decadesBusiness - Financial Times - October 30 -
America's European allies face challenging times, whoever wins the presidential election
The United States’ European allies are bracing for an America that’s less interested in them no matter who wins the presidential election — and for old traumas and new problems if Donald Trump ...World - ABC News - October 31 -
Ukraine and US warn Kyiv’s troops could face North Korean forces ‘in days’
New assessment finds as many as 8,000 soldiers have been deployed to Russia’s Kursk regionBusiness - Financial Times - October 31 -
Germany’s top economic panel gripped by strife amid internal lawsuit
Council of Economic Experts is grappling with dispute with one member over how to address potential conflicts of interestWorld - Financial Times - November 4 -
Europe praises Trump's victory amid wider fears of an impending economic nightmare
European leaders are congratulating Donald Trump for his victory, while sources add the outcome is not as shocking as when he clinched victory in 2016.Business - CNBC - November 6 -
2 million at risk of starvation in Myanmar state amid ‘total economic collapse’
Exclusive: a UN report will accuse the military of imposing ‘collective punishment’ on Rakhine state, more than three years after seizing power in a coup . Two million people in Myanmar’s Rakhine ...World - The Guardian - November 7 -
European Leaders Meet Amid Trump Victory and Global Uncertainty
Leaders from across Europe and beyond gathered to discuss the war in Ukraine, immigration and plans for a second Trump presidency.World - The New York Times - November 7 -
South Africa cuts growth target as economic reality bites
Lower GDP projection comes despite coalition’s charm offensive to win over foreign investorsBusiness - Financial Times - October 30 -
Goldman Sachs cuts European growth and earnings forecasts as Trump tariffs loom
The Trump regime will hit European economic growth and reduce company earnings, though the continent’s defense sector may prosper.Business - MarketWatch - November 8 -
Porsche AG Sales Fall Amid Slow EV Market, China Woes
Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.Business - The Wall Street Journal - October 25 -
NIO's Net Loss Widens on Lower Revenue Amid EV Pricing Pressure
The Chinese automaker’s net loss widened in the third quarter as revenue fell, dragged by lower selling prices.Business - The Wall Street Journal - Yesterday -
Intesa Sanpaolo unveils plans to cut 9,000 jobs
Italy’s largest bank wants to reduce costs by accelerating its digital transformationBusiness - Financial Times - October 23
